16th Annual Financial Markets Law Conference

INTEGRITY, EXCELLENCE AND COMPLIANCE WITHIN NZ’S FINANCIAL MARKETS

22 Oct 2020Aotea Centre, Auckland
Event Details
separately bookable workshop
Financial advice – Decoding the code, competence, disclosure and exploring good customer outcomes:
23 October 2020 | 9:00 am - 12:30 pm

The new financial advice regime in the Financial Services Legislation Amendment Act (FSLAA) comes into force on 15 March 2021. This workshop is a great opportunity before the new rules come into effect within the Financial Markets Conduct Act 2013 (FMCA) to ensure you are prepared, or to understand why this is a big deal. The workshop will also consider the impact of the Financial Markets (Conduct of Institutions) Amendment Bill (CoFI) on financial institutions (banks, insurers and non-bank deposit takers) and their intermediaries.

  • Summary of FSLAA and how it fits into the FMCA
  • Key duties for financial advice providers (FAPs)
  • Breaking down the Code of Professional Conduct for Financial Advice Services – understanding the standards for ethical behaviour, conduct, client care, competence, knowledge and skill
  • Working with the new and more flexible disclosure regulations
  • Good conduct in financial advice, vs “no advice” models
  • Discussing changes to incentives and commissions
  • CoFI and the new licensing regime for financial institutions

Jeremy Muir

Partner

MinterEllison RuddWatts

Jeremy is the national head of the banking and financial services team for MinterEllisonRuddWatts. He is a specialist financial services and investment lawyer, working with retail and wholesale fund managers, trustee companies, banks, derivatives issuers, and FinTechs. He is deeply engaged with clients across the sector in implementing the financial advice changes, with a particular focus on good customer outcomes.

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